Benfield Corporate Risks spoils results party
(Re)insurance broker Benfield has stunned the financial markets by unveiling a dismal performance from its corporate risk division which marred an overall increase in margins and broking revenues for the 2006 year.
Benfield shares quoted on the London stock exchange opened 9% down on the news, which saw the corporate risk division increase revenues by 59.6% to £18.2m, but increase losses by 79.2%, from £9.6 to
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